And here it comes

The author was talking about “the Ethereum wave” for quite some time. Not it’s here. For many it is still a surprise that we are breaking ATH (all time high) in USD and EUR. For the readers of this blog, however, it’s not surprise at all. That was the last prediction from the author, which had to be fulfilled. Now it is fullfilled.

And here are finally the explanations (charts).

ETHBTCLongTerm

ETHEURLongTerm

ETHUSDLongTerm

As already said in several posts, we can often see what is going to happen in the future if we check the past. The author mostly removed the Elliott Waves notations so that we can focus on one specific aspect.

As you can see from the charts, we had already the situation where ETH was trying to break the ATH. It was back in February, 25. The red line is placed on the 26-th so that we can see what happened the day before (the gray arrow points there).

On the 25-th of February the ETH broke ATH in EUR, USD but was far from it in BTC.

This is exactly what we have today. Or not really exactly. The magnitude has increased.

ETH is routinely taking new highs the last few days in USD and EUR, however we are still far away from reaching ATH in ETHBTC.

Now, there are other interesting points to observe in the charts above.

See the shape of the correction back in February. Doesn’t it look familiar?

And the final thing.. You surely noticed the yellow arrow. This is where the price should go in case we will repeat the history again.

Will we?

Stay tuned, the author will keep delivering the updates through this exciting times.

The Elliott Wave Principle describes the behaviour of the financial markets. This Principle is build on the mass psychology swings from pessimism to optimism and back in a natural sequence. When these swings happen, the specific Elliott wave patterns in price movements are created and become visible. Each pattern has implications regarding the position of the market within its overall progression, past, present and future.
The purpose of our blog posts is to outline the progress of markets in terms of the Elliott Wave Principle.
While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will my posts make specific recommendations for any specific person, and at no time may a reader or viewer be justified in inferring that any such advice is intended.
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Author: Ravno_108

Sentiment wave rider. Product creator. Yogi

10 thoughts on “And here it comes”

        1. Thanks for your appreciation..

          Yes, right now I also don’t see any clearly tradable pattern in ETHBTC. So I stay aside from it. But it will definitely change. For instance the last week, when we were building and then breaking out of trinagles in ETHBTC. That was quite clear pattern. So I wrote quite a lot about it.

          The “reality” is always changing =)

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          1. ETHBTC behaving quite strange lately. Some time ago it seemed like ETH is competing with BTC (when BTC rises, ETH goes down and vice versa). But now it seems as ETH goes hand in hand with BTC.
            So instead of waiting for BTC to drop, I’d like BTC to go to the moon and to take ETH along 😀

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  1. Regarding the way ETH and BTC are behaving lately. It looks like big portion of fresh fiat money entered the cryptomarket. Mostly was invested in BTC, but also was placed into the ETH. Can also be that it’s not only one big player but few of them. So now we have (besides usual rivalry between BTC and ETH) also big bets in USD and EUR against two biggest cryptos (BTC and ETH).

    Like

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